Ge Money America

1127 words 5 pages
Assignment #2 – GE Money America Case Study
GE Money America (formerly GE Consumer Finance) is the consumer finance brand for GE Consumer Finance worldwide. With more than $163 billion in assets, GE Money is a leading provider of credit services to consumers, retailer, and auto dealers in fifty countries around the world. GE Money Americas offers a range of financial products, including private-label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. (Goldsmith, 2010)
1. Provide a brief description of the status of the company that led to its determination that a change was necessary. Three things led to the
…show more content…
Illustrate the types of evaluation information that were collected and how they are used to benefit the company. Key solutions that Kelly OCG launched were a centralized staffing process and a dedicate team included a customized candidate application website and standardized, more thorough screening methods to enhanced candidate quality and service lever. They also combined:
A hiring logistics strategy to ensure consistency, standardization, and efficiency from interview to offer;
Management of an Internet-based application tracking system;
Automation of processes once done manually;
Measurement of staffing activity cost; and
New benchmarks and goals were established.
Kelly OCG helped GE Money Americas realize significant saving at virtually every level of the staffing process. They also streamlined a time-intensive prescreening process, enabling more interviews of well-qualified candidates during fewer recruiting visit to a diverse range of campuses in a shorter time frame. (Goldsmith, 2010) GE staffing costs decreased 54 percent. The saving were largely attributable largely to a halving of sourcing expenditure and an 80 percent reduction in travel and relocation cost, and the average cost per hire fell to $4,900 from $8,300. The time to process in a new hire was reduced to 47 days from 115 days. (Goldsmith, 2010)

Related

  • Ge Strategy
    1624 words | 7 pages
  • Ge Healthcare Case Analysis
    1018 words | 5 pages
  • America and Homicide
    1550 words | 7 pages
  • Ge Cultural Assessment
    2253 words | 10 pages
  • General Electric (Ge) Analysis Using Porter's Approach
    3334 words | 14 pages
  • Does Money Buy Happiness?
    3923 words | 16 pages
  • Ge Energy Management Initiative
    1274 words | 6 pages
  • Ge Transformation
    3673 words | 15 pages
  • Ge Imagination Breakthrough
    1055 words | 5 pages
  • Homelessness in America
    1791 words | 8 pages